Cyprus seeks to persuade Russia in being a good place for business

An official part of the Intergovernmental Commission’s meeting will take place on Tuesday

MOSCOW, December 09. /ITAR-TASS/. A delegation from Nicosia will try to persuade Russian counterparts the Cyprus’ bailout plan is effective and works, the Cyprus’ ambassador to Russia, Georgios Casoulides, told Itar-Tass on Monday.

“We are currently holding consultations on the issues of economic co-operation with the Russian side,” he said. “An official part of the Intergovernmental Commission’s meeting will take place on Tuesday. Cyprus’ Finance Minister Harris Georgiades will also participate in it.”

Casoulides said that the meeting of the Russia-Cyprus Intergovernmental Commission for Economic Co-operation was to be held for a seventh time.

“This is an annual event aimed to review economic ties between the two countries, to discuss business contacts, trading and other aspects of economic co-operation and to consider what we can do to improve bilateral relations, as well as to identify new guidelines,” he said. “This time, there are plans to negotiate energy production, interaction in transport and agriculture, and certainly the most important issue for Cyprus - co-operation in tourism.”

Casoulides added that besides the current issues of economic co-operation, his country’s delegation was to draw attention to the measure being taken by the government to recover from the financial crisis.

“We would like to take this opportunity to review the steps made in the country to improve the situation, to convince the Russian side that the Russian business can function in Cyprus normally and to answer all outstanding questions,” Casoulides said.